Malaysia My Second Home (MM2H)

Retiring in Malaysia Penang

Malaysia My Second Home (MM2H) is a program introduced by the Malaysian government to allow people from all over the world to live and retire in Malaysia. This program welcomes foreign citizens to enter and stay in Malaysia as long as possible. Under this program you will receive a Social Visit Pass and Multiple Entry Visa from the Malaysia Department of Immigration. Both documents are valid for 10-years (renewable) and allow you the freedom to enter and leave Malaysia whenever you wish. In fact, you may bring along your spouse, dependents and even one maid.

WHO ARE ELIGIBLE TO APPLY FOR MM2H?The Malaysia My 2nd Home is open to all citizens of countries recognized by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring along their spouse and children (below 21 years old who is not married). The applicant must prove a minimum fixed deposit of RM300,000 (Approx. USD90,000) with any Malaysian financial institution (out of which all can be withdrawn the next year - except for RM60,000 which must remain in the bank). But if applicant is above 50 years old, he has only to prove either a fixed deposit of RM150,000 amount OR a monthly income as stated. For the latest info and news can be found at http://www.mm2h.gov.my

MM2H HOW TO APPLY?Documents required:-

Letter of Application (Cover Letter)

Personal background and indicate your intention to join Malaysia My Second Home

With whom you wish to come ( single or with family)

Briefly explain how you will support your stay in Malaysia (financial capabilities)

Which financial criteria you wish to use ; either Fixed Deposit OR monthly off-shore income (for 50 years and above). Only applicants drawing from Government Approved Funds will be considered to have fulfilled the "Monthly off - Shore Income" criteria

NOTE:1. Items 3-5 are also required if accompanied by spouse and children as dependants 2. Dependants refer to children aged below 18 years old and not married. 3. Participants from selected countries who are entering Malaysia with Tourist Social Visit Pass prior to approval of Malaysia My Second Home programme are required to pay for Journey Performed Visa (JP) (RM500) . The payment should be make to Immigration Department Putrajaya before they get endorsement of Malaysia My Second Home Sticker in their passport.4. Certification can be done by Notary Public/Commisioner of Oath/Government Official5. The processing and approval process will take 45 working days from the date of submission of the application (provided the documentation is complete ).

You can purchase property regardless of whether you join MM2H or not. The program is not link to the purchase of property. Make Malaysia your second home

If you wish us to arrange a local Penang MM2H agent to contact you (without obligation) send us an email.Enquiry please provide your name, nationality, age, tel contact.

At Pen properties the services we provide

Assistance with connection of electric and water when you acquire vacant possession of your dream home - free service

Installation of Astro Cable TV service. We will arrange for a installer to visit you at your home. ( Free house service)

If you are interested in seeking financing to facilitate your property purchase, we will forward you the email and telephone contacts of several local banks - and queries can be initiated. Financing loan of up to 70% can be arranged for, provided that income documents can substantiate the margin.

Found your dream house? If you wish us to assist / arrange a local Penang lawyer to contact you, drop us a note.

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